Firefly Aerospace slides after rocket test mishap

Firefly Aerospace

30/09/2025 10:03

** Shares of space launch vehicle designer and manufacturer Firefly Aerospace FLY.O fall 9.6% to $33.4 after its rocket booster was destroyed in testing mishap

** Co says the booster for its Alpha rocket was destroyed during a ground test, weeks before the rocket was due in a flight mission

** FLY says all personnel involved in the test are safe

** The incident is another interruption to FLY's business just weeks after it closed an investigation into the failure of its Alpha rocket, which put a satellite owned by Lockheed Martin LMT.N in a shallow orbit in late April, implying a mission failure

** FLY shares down nearly 18% from IPO price of $45; co secured a valuation of $9.84 bln following stock surge in early August market debut

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))